Stock index S&P 500 completes the trading week at the level of 2414.9. S&P 500 continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an upward trend in the S&P 500. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 2370.0, from which it is expected to try to grow and develop the bullish trend of the exchange index growth near the level of 2440.0.
S&P 500 forecast on May 29, 2017 — June 2, 2017
Earlier, a medium strength signal was obtained to buy the Stock index S&P 500, due to crossing of the signal lines at the level of 2359.0. The cancellation of the growth of quotations of the stock index will be the breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 2340.0, which will indicate a change in the upward trend in favor of the downward trend. Expect to accelerate the growth of quotations of the stock exchange index S&P 500 is with the breakdown of the local maximum area at the level of 2425.0.
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